Iran suggests that Qatari ships were turned away from the Strait of Hormuz

The suggestion that Qatari ships were turned away from the Strait of Hormuz indicates rising tensions in a critical area for global oil shipments.

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SNN reports the sound of huge explosions in Abu Dhabi

Iran suggests that Qatari ships were turned away from the Strait of Hormuz

Israeli Defence Ministry says the military has been instructed to continue striking Iranian national infrastructure with full force

"The Iranian Revolutionary Guard announces the targeting of American and Israeli operations command headquarters and industrial infrastructure", via Iraqi News Agency; an amphibious assault ship was targeted

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This development could lead to concerns over supply disruptions, potentially pushing up crude oil prices and impacting commodities markets more broadly. Geopolitical risks like this typically lead to increased demand for safe-haven assets, so it's worth monitoring the reactions in WTI and related commodities.

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